“The Judge Says Refinance or Put Your Home on the Market”

“The Judge Says Refinance or Put Your Home on the Market”



An attorney from Massachusetts contacted me after reading one of my blogs. The blog was on Linkedin, the topic was getting a refinance done, as a result of a divorce decree. Some of these situations can be a real challenge and that is exactly what the attorney said.


He told me that his client was in contempt of the decree as he was supposed to refinance over a year ago. I told him I would be glad to speak with him.


It turns out that he could never qualify based on his debt ratio. I ran all his number and explained to him a refinance could be done, only if his alimony was reduced to make the ratios work. After I did a conference call, including the attorney   the numbers.


They went back to court and worked out a new agreement to reduce the alimony, as it was more important to get her name off the mortgage than the additional monthly dollars. Once I had the new numbers to work with, the refinance was now possible and the goal was accomplished.


Joe I would like to wish you and yours a merry Christmas and a happy new year. Thank for getting the refi done. A SERIOUS load off me.


Image courtesy of stuarmiles/freedigitalphotos.net


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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com



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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

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Comment balloon 26 commentsJoe Petrowsky • December 27 2015 05:47AM


This is not the usual case here at all....it is a "given" that in our community property state...the house is either sold or refinanced....and with multiple  mortgages...the sold can still be a short sale.  The "get the name off the property" order...is often not as easily done as the swipe of the pen that decreed it.

Posted by Sally K. & David L. Hanson, WI Real Estate Agents - Luxury - Divorce (EXP Realty 414-525-0563) over 4 years ago

Well, this is an interesting twist to divorce and a great lesson for many. What's more important? Having good credit, getting your name off of a loan with an ex-spouse involved? Money monthly in the pocket? You created solutions for all parties and made everyone (including the judge) happy! 

Posted by Gayle Rich-Boxman Fishhawk Lake Real Estate, "Your Local Expert!" 503-755-2905 (John L Scott Market Center) over 4 years ago

Joe, great news that you could get this refinance done for this couple, it is important to get names off the mortgage when you are no longer together. 

Posted by Joan Cox, Denver Real Estate - Selling One Home at a Time (House to Home, Inc. - Denver Real Estate - 720-231-6373) over 4 years ago

That is great for them Joe...I find that most of the parties don't try to push hard enough to get the refinance done, negotiate, etc.  nice to see both get on with their lives properly.

Posted by Ginny Gorman, Homes for Sale in Southern RI and beyond (RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate) over 4 years ago

Joe Petrowsky This judge sound like a smart man and one that is focusing on getting the divorce split completed, rather than dragging it out for years as is normally the case. That's refreshing and you are the man who can help!

Posted by Sandy Padula and Norm Padula, JD, GRI, Presence, Persistence & Perseverance (HomeSmart Realty West & Lend Smart Mortgage, Llc.) over 4 years ago

Yes, there often is a creative solution.  Glad you found it.

Posted by Women of Westchester Working Together, Women helping Women get ahead (Women of Westchester Working Together) over 4 years ago


You are amazing, and bravo for saving these people's lives and $$$.  A

Posted by Ron and Alexandra Seigel, Luxury Real Estate Branding, Marketing & Strategy (Napa Consultants) over 4 years ago

Joe Petrowsky I read ALL your posts about the "problems" you solve. Well, this is one of your best efforts. Congratulations.

Bill Roberts

Posted by Bill Roberts, "Baby Boomer" Retirement Planner (Brooks and Dunphy Real Estate) over 4 years ago

Thanks for sharing another happy ending story with us, Joe. I love hearing your stories and most of them seem to have happy endings because you really know how to get things done. 

Posted by Debbie Laity, Your Real Estate Resource for Delta County, CO (Cedaredge Land Company) over 4 years ago

That makes perfect sense.  The outcome was very good. If the alimony was not reduce he likely would have had to sell. Awesome job!

Posted by Kathleen Daniels, Probate & Trust Specialist, Probate Real Estate (KD Realty - 408.972.1822) over 4 years ago

Good job.  Divorce situations can be so darn tricky.  Glad that they did not have to sell the home.

Posted by Belinda Spillman, Colorado Living! (Aspen Lane Real Estate Colorful Colorado) over 4 years ago

Great job, Joe. Glad everything turned out and all parties are happy.

Posted by Rebecca Gaujot, Realtor®, Lewisburg WV, the go to agent for all real estate (Vision Quest Realty) over 4 years ago

Joe he was lucky you got the numbers to work.  All to often the ratios don't work even without alimony.  The house was bought with two incomes, and one just does not cut it.

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) over 4 years ago

I love a Lender who can work their way around situations. So many just say no and move to the next one in line.

Posted by Evelyn Johnston, The People You Know, Like and Trust! (Friends & Neighbors Real Estate) over 4 years ago

What a great story Joe, and at the holiday season too.

Posted by Noah Seidenberg, Chicagoland and Suburbs (800) 858-7917 (Coldwell Banker) over 4 years ago


Your thinking out of the box get it done . . . . A another job well done.

Good luck and success.

Lou Ludwig

Posted by Lou Ludwig, Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC (Ludwig & Associates) over 4 years ago

Good morning Joe.  Well one thing for sure if an attorney and a judge can't figure it out what does that say about our judicial system....  Anyway good job but we wouldn't expect any less

Posted by James Dray, Exceptional Agents, Outstanding Results (Fathom Realty) over 4 years ago

Well done Joe.  I think you made a number of people much happier with this particular re-finance.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) over 4 years ago

Thank you for sharing the story. Your clients are fortunate to be working with you.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) over 4 years ago

Hi Joe.  That lady was very logical and not emotional.  Nice work Joe.

Posted by Conrad Allen, Webster, Ma, Realtor (Re/Max Professional Associates) over 4 years ago

Good morning Joe Petrowsky ,

So glad the attorney called you! You were able to come up with a solution that benefited all parties..great job!

Posted by Dorie Dillard CRS GRI ABR, Serving Buyers & Sellers in NW Austin Real Estate (Coldwell Banker Realty ~ 512.750.6899) over 4 years ago

Good Morning Joe - another job well done.  I am sure you were the answer to everyone's prayers.

Posted by Grant Schneider, Your Coach Helping You Create Successful Outcomes (Performance Development Strategies) over 4 years ago

Joe Petrowsky ~ what a great story, Joe. Divorces are hard enough financially and emotionally without the added burden of being in contempt of a court order when one doesn't know where to get the right advice.

Posted by Nina Hollander, Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor (Coldwell Banker Realty) over 4 years ago

Great story Joe Petrowsky  you made it happen and that is wonderful

Thank you for making 2015 special for me

Posted by Hannah Williams, Expertise NE Philadelphia & Bucks 215-953-8818 (Re/Max Eastern inc.) over 4 years ago

That's one way to get it done! Congrats for making this situation work for the couple and for getting the house out of the wife's name.

Posted by Pat Starnes-Front Gate Realty, 601-991-2900 Office; 601-278-4513 Cell (Front Gate Real Estate) over 4 years ago

Often being creative is the answer.   Great story Joe Petrowsky to remind folks to use a professional like us to help them through difficult situations.

Posted by DEANNA C. SMITH CERTIFIED MOBILE NOTARY, Highest Ranked Certified Mobile Notary in Virginia (Certified Mobile Notary Signing Agent) over 4 years ago